Nextier Bank National Association Mortgage Rates, Fees & Info
Kittanning, PALEI: 549300TFEH2N4OKL5136
Tax ID: 25-0660700
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Bank Data
Review & Overview
Nextier Bank National Association is a smaller bank specializing in Home Purchase and Refi loans. Nextier Bank National Association has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, York, Harrisburg, Dubois, and Youngstown among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Nextier Bank National Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nextier Bank National Association is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.99% | 4/18/24 |
| 30 Year Conventional Refi | 7.04% | 4/18/24 |
| 30 Year Cash-out Refi | 6.64% | 4/18/24 |
| 15 Year Conventional Purchase | 6.49% | 4/18/24 |
| 15 Year Conventional Refi | 6.63% | 4/18/24 |
| 15 Year Cash-out Refi | 6.63% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Nextier Bank National Association Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
456Origination Dollar Volume (All Markets)
$133,410,000Employee count
262Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 379 | $103,155,000 | $272,177 | $4,077 | 3.97% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $12,005,000 | $12,005,000 | $0 | 3.45% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 12 | $6,960,000 | $580,000 | $6,664 | 3.57% |
| DuBois, PA (FHA|USDA|VA) | 20 | $3,110,000 | $155,500 | $2,959 | 3.64% |
| Outside of Metro Areas | 18 | $2,240,000 | $124,444 | $3,245 | 3.86% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,859 | 4.12% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $8,194 | 2.99% |
| Indiana, PA (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,202 | 4.02% |
| New Castle, PA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $5,708 | 3.96% |
| ERIE, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,875 | 3.94% |
| Oil City, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,163 | 4.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.14% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,815 | 3.63% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,537 | 4.24% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,899 | 3.79% |
Similar Lenders
We use machine learning to identify the top lenders compared against NEXTIER BANK NATIONAL ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 456 | $133,410,000 | $292,566 | $4,073 | 3.94% |
For 2021, Nextier Bank National Association's most frequently originated type of loan was Conventional, with 456 originations.
Loan Reason
For 2021, Nextier Bank National Association's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Refi, with 153 originations.
Loan Duration/Length
For 2021, Nextier Bank National Association's most frequently cited loan duration was 20 Year, with 132 originations. The 2nd most popular length was 30 Year, with 113 originations.
Origination Fees/Closing Costs
Nextier Bank National Association's average total fees were $4,831, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.
Interest Rates
During 2021, Nextier Bank National Association's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 303 originations.
Loan Sizing
2021 saw Nextier Bank National Association place emphasis on $100k-200k loans with 172 originations, totaling $24,740,000 in origination value.
Applicant Income
Nextier Bank National Association lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $75k-100k, with 60 originations.
Applicant Debt to Income Ratio
Nextier Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.59%
Nextier Bank National Association has an average approval rate.
Pick Rate
Approvals leading to origination85.96%
Nextier Bank National Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 456 | $133,410,000 | $292,566 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Nextier Bank, National Association | 100 Moraine Point Plaza Butler, PA 16001 | Full Service B&M | $75,907 |
| Nextier Bank, National Association | 100 South Argyle Street Petrolia, PA 16050 | Full Service B&M | $12,674 |
| Nextier Bank, National Association | 100 Vip Drive, Suite 108 Wexford, PA 15090 | Full Service B&M | $24,542 |
| Nextier Bank, National Association | 101 East Diamond Street Butler, PA 16001 | Full Service B&M | $107,155 |
| Nextier Bank, National Association | 101 Northtowne Drive Gibsonia, PA 15044 | Full Service B&M | $34,956 |
| Nextier Bank, National Association | 102 South Wayne Avenue Parker, PA 16049 | Full Service B&M | $24,902 |
| Nextier Bank, National Association | 105 Burton Dr Kittanning, PA 16201 | Full Service B&M | $28,278 |
| Nextier Bank, National Association | 121 South Main Street Slippery Rock, PA 16057 | Full Service B&M | $25,723 |
| Nextier Bank, National Association | 15104 Us Rt 422 Worthington, PA 16262 | Full Service B&M | $38,992 |
| Nextier Bank, National Association | 160 Market Street Leechburg, PA 15656 | Full Service B&M | $16,140 |
| Nextier Bank, National Association | 1626 Babcock Blvd. Pittsburgh, PA 15209 | Full Service B&M | $25,360 |
| Nextier Bank, National Association | 196 Clearview Circle Butler, PA 16001 | Full Service B&M | $46,529 |
| Nextier Bank, National Association | 20249 Route 19 Cranberry Township, PA 16066 | Full Service B&M | $65,727 |
| Nextier Bank, National Association | 222 Market Street Kittanning, PA 16201 | Full Service B&M | $301,278 |
| Nextier Bank, National Association | 226 Main Street Irwin, PA 15642 | Full Service B&M | $7,964 |
| Nextier Bank, National Association | 226 South Main Street Zelienople, PA 16063 | Full Service B&M | $117,332 |
| Nextier Bank, National Association | 236 Fifth Street Freeport, PA 16229 | Full Service B&M | $14,487 |
| Nextier Bank, National Association | 238 East Main Street Evans City, PA 16033 | Full Service B&M | $39,762 |
| Nextier Bank, National Association | 316 First Avenue Suite 101 West Kittanning, PA 16201 | Full Service B&M | $38,073 |
| Nextier Bank, National Association | 322 Ford St. Ford City, PA 16226 | Full Service B&M | $7,176 |
| Nextier Bank, National Association | 333 Main Street Suite 100 Saxonburg, PA 16056 | Full Service B&M | $43,644 |
| Nextier Bank, National Association | 3455 Forbes Ave Pittsburgh, PA 15213 | Full Service B&M | $78,790 |
| Nextier Bank, National Association | 4 Hilltop Plaza Kittanning, PA 16201 | Full Service B&M | $15,010 |
| Nextier Bank, National Association | 409 Butler Road Kittanning, PA 16201 | Full Service B&M | $38,544 |
| Nextier Bank, National Association | 4231 Trindle Road Camp Hill, PA 17011 | Full Service B&M | $20,114 |
| Nextier Bank, National Association | 522 Liberty Blvd. Dubois, PA 15801 | Full Service B&M | $58,799 |
| Nextier Bank, National Association | 83 Race Street, P.O. Box 627 Manor, PA 15665 | Full Service B&M | $38,846 |
| Nextier Bank, National Association | Lewis And Hansen Avenues Lyndora, PA 16045 | Full Service B&M | $98,780 |
| Nextier Bank, National Association | Route 19 And Bonnieview Drive Wexford, PA 15090 | Full Service B&M | $28,902 |
| Nextier Bank, National Association | State Road 68 And Byrnes Street Chicora, PA 16025 | Full Service B&M | $83,401 |
For 2021, Nextier Bank National Association had 30 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $53,370 |
| Net interest income | $48,606 |
| Total noninterest income | $11,369 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,397 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $9,972 |
| Pre-tax net operating income | $21,166 |
| Securities gains (or losses, -) | $14 |
| Income before extraordinary items | $17,321 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $17,321 |
| Minority interest net income | $0 |
| Net income | $17,321 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $17,309 |
Nextier Bank National Association's gross interest income from loans was $53,370,000.
Nextier Bank National Association's net interest income from loans was $48,606,000.
Nextier Bank National Association's fee based income from loans was $1,397,000.
Nextier Bank National Association's net income from loans was $17,321,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,764 |
| Provision for credit losses | $1,885 |
| Total noninterest expense | $36,924 |
| Salaries and employee benefits | $20,257 |
| Premises and equipment expense | $3,638 |
| Additional noninterest expense | $13,029 |
| Applicable income taxes | $3,859 |
| Net charge-offs | $-85 |
| Cash dividends | $1,000 |
Nextier Bank National Association's interest expense for loans was $4,764,000.
Nextier Bank National Association's payroll and benefits expense were $20,257,000.
Nextier Bank National Association's property, plant and equipment expenses $3,638,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,729,447 |
| Deposits held in domestic offices | $1,729,447 |
| Deposits by Individuals, partnerships, and corporations | $1,311,413 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $416,107 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,927 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $147,578 |
| Demand deposits | $77,444 |
| Nontransaction accounts | $1,581,869 |
| Money market deposit accounts (MMDAs) | $222,928 |
| Other savings deposits (excluding MMDAs) | $1,188,017 |
| Total time deposits | $170,923 |
| Total time and savings deposits | $1,652,003 |
| Noninterest-bearing deposits | $402,055 |
| Interest-bearing deposits | $1,327,392 |
| Retail deposits | $1,651,275 |
| IRAs and Keogh plan accounts | $20,305 |
| Brokered deposits | $25,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,912,495 |
| Cash & Balances due from depository institutions | $87,724 |
| Interest-bearing balances | $69,537 |
| Total securities | $333,453 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,393,782 |
| Loan and leases loss allowance | $13,361 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $31,688 |
| Other real estate owned | $126 |
| Goodwill and other intangibles | $9,907 |
| All other assets | $55,815 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,912,495 |
| Total Liabilities | $1,736,223 |
| Total deposits | $1,729,447 |
| Interest-bearing deposits | $1,327,392 |
| Deposits held in domestic offices | $1,729,447 |
| % insured (estimated) | $50 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $6,776 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,393,782 |
| Loan and leases loss allowance | $13,361 |
| Total loans and leases (domestic) | $1,407,143 |
| All real estate loans | $1,079,703 |
| Real estate loans in domestic offices | $1,079,703 |
| Construction and development loans | $84,730 |
| Residential 1-4 family construction | $13,659 |
| Other construction, all land development and other land | $71,071 |
| Loans secured by nonfarm nonresidential properties | $478,971 |
| Nonfarm nonresidential secured by owner-occupied properties | $118,439 |
| Commercial real estate & other non-farm, non-residential | $360,532 |
| Multifamily residential real estate | $113,291 |
| 1-4 family residential loans | $399,055 |
| Farmland loans | $3,656 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $123,074 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $154,266 |
| Credit card loans | $0 |
| Related Plans | $2,780 |
| Consumer Auto Loans | $873 |
| Other loans to individuals | $150,613 |
| All other loans & leases | $50,100 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $84 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $922 |
| Non 1-4 family restructured loans & leases | $438 |
| Total loans and leases (foreign) | $0 |
NEXTIER BANK NATIONAL ASSOCIATION had $1,393,782,000 of loans outstanding in 2021. $1,079,703,000 of loans were in real estate loans. $84,730,000 of loans were in development loans. $113,291,000 of loans were in multifamily mortgage loans. $399,055,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $873,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 517 | $110,495 | $213,723 |
| Nonfarm, nonresidential loans - <$100k | 120 | $4,096 | $34,133 |
| Nonfarm, nonresidential loans - $100-250k | 170 | $19,873 | $116,900 |
| Nonfarm, nonresidential loans - $250k-1MM | 227 | $86,526 | $381,172 |
| Commercial & Industrial, US addressed loans - <$1MM | 885 | $52,823 | $59,687 |
| Commercial & Industrial, US addressed loans - <$100k | 624 | $10,293 | $16,495 |
| Commercial & Industrial, US addressed loans - $100-250k | 108 | $10,201 | $94,454 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 153 | $32,329 | $211,301 |
| Farmland loans - <$1MM | 2 | $256 | $128,000 |
| Farmland loans - $100-250k | 1 | $14 | $14,000 |
| Farmland loans - $250k-1MM | 1 | $242 | $242,000 |